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Navigating the holiday season during the COVID-19 pandemic is sure to heighten anxiety levels for retailers and consumers alike in 2020.
But US consumers have found a way to spend money amid the chaos and retail has been a key beneficiary of a widespread shift in spending from services to goods.
On one end of the spectrum, sales at nonstore retailers were up 28% from February in October; at the other extreme, sales at clothing & accessory stores were down 13%.